Contract Exposure definition

Contract Exposure means on any given date, the amount, if any, that the Bank determines would be payable by the Borrower to the Bank in accordance with the Bank Risk Management Agreements, if all Bank Risk Management Agreements were being terminated on that date. "Margin Call" has the meaning given in clause 9.2(a); "Margin Call Amount" has the meaning given in clause 9.2(a). "Margin Call Balance" on any given date means the aggregate of all Margin Call Amounts paid to the Bank prior to that date and still held by the Bank on that date, after deducting all amounts repaid to the Borrower under clause 9.2(b). "Margin Free Limit" means US$4,000,000.".
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Contract Exposure means the net amount (i) determined pursuant to Section 10.3.1 of the Contract that would be payable from the Providing Party to the Requesting Party, as if a Early Termination Date had been declared pursuant to Section 10.3 of the Contract (notwithstanding whether or not an Event of Default has occurred) and all transactions had been terminated; (ii) plus the net amount of all other payments Shell Energy owed but not yet paid between the Parties, whether or not such amounts are then due, for performance already provided pursuant to any and all transactions conducted under the Contract; (iii) less the amount of any Performance Assurance then held by the Requesting Party.
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Examples of Contract Exposure in a sentence

  • The Hedge Contract Exposure under any Hedge Contract shall be determined in accordance with the applicable Hedge Agreement.

  • Immediately upon receipt of a declaration under Section 10.2(b), the Borrowers shall pay to the Agent on behalf of the Lenders all amounts outstanding hereunder including, if applicable, the Hedge Contract Exposure owing under each Hedge Contract with a Lender.

  • If the Forward Contract Exposure at any time exceeds the Forward Contract Limit, the Customers will promptly, without further notice or demand by the Metal Lender, make payment to the Metal Lender, or amend one or more Forward Contracts to reduce the applicable stated face amount or notional amount thereof, in either case, in an amount sufficient to result in the remaining Forward Contract Exposure being not more than the Forward Contract Limit.

  • The Borrower will not permit the Consolidated Net Fixed Price Book Deficit as of any date for the period beginning on the first day of the Prompt Month and ending on the last day of the last month after such date for which there is any Natural Gas Projected Contract Exposure to exceed $15,000,000.

  • This Agreement secures the payment of all Obligations (as such term in defined in the Credit Agreement) of Borrowers including, without limitation, any and all Foreign Exchange Contract Exposure of any Borrower to Agent or Lenders, any indebtedness of any Borrower arising out of any swap agreement (as defined in 11 U.S.C. Sec.

  • Immediately upon receipt of a declaration under Section 10.2(b), the Borrowers shall pay to the Agent on behalf of the Lenders in respect of Facility A, Facility C, Facility D and Facility E, and to the US Administrative Agent on behalf of the Lenders in respect of Facility B, as applicable, all amounts outstanding hereunder including, if applicable, the Hedge Contract Exposure owing under each Hedge Contract with a Lender.

  • On any Business Day (but no more frequently than weekly with respect to Letters of Credit and daily with respect to cash), the Providing Party, at its sole cost, may request that the amount of Performance Assurance be reduced based upon a decrease in the Contract Exposure as calculated on such Business Day.

  • In the event that such Interest Rate Contracts shall be entered into, a reserve (the "Interest Rate Contract Reserve") shall be established against the Maximum Revolver Amount and Individual Maximum Revolver Amount with respect to RMC in the aggregate amount of Interest Rate Contract Exposure from time to time with respect to all Interest Rate Contracts.

  • At no time shall RMC permit the aggregate amount of Interest Rate Contract Exposure to exceed $10,000,000.

  • At no time shall the aggregate amount of Currency Hedging Contract Exposure with respect to (A) RML exceed $2,000,000, or (B) RMC and RML, on a combined basis, exceed $10,000,000.